Issues On Merits, Should Be Raised Before Arbitrator, Not In Section 11 Proceedings: Delhi High Court

In a significant ruling on May 15, 2024, the Delhi High Court addressed the critical issue of whether the specified authority granted approval in compliance with Section 153D of the Income Tax Act, 1961. The court's decision came in the appeal filed by the Principal Commissioner of Income Tax-15 against Shiv Kumar Nayyar, challenging the order of the Income Tax Appellate Tribunal (ITAT) dated July 26, 2023. Case Background Shiv…